Total amount raised
$25 Millions
Latest funding date
October, 2022
Location
Endor Labs has successfully raised $70 million in a Series A funding round, positioning itself as a key player in software supply chain security. The company offers a range of solutions designed to help organizations manage open-source software dependencies and improve application security.
Keep reading to explore the intricacies of Endor Labs' fundraising journey and the investors backing this innovative platform.
What Is Endor Labs?
Endor Labs, founded in 2022, is headquartered in Palo Alto, California. The company specializes in software supply chain security, offering solutions to manage open-source software dependencies and enhance application security.
Co-founded by Dimitri Stiliadis and Varun Badhwar, Endor Labs has quickly established itself as a key player in the cybersecurity industry. The company provides a range of products, including Dependency Lifecycle Management and Software Composition Analysis.
With a team of 101-250 employees, Endor Labs continues to innovate and expand its offerings to meet the evolving needs of the software development lifecycle.
How Much Funding Has Endor Labs Raised?
- Seed Round
- Amount Raised: $25M
- Date: October 2022
- Lead Investors: Dell Technologies Capital, Lightspeed Venture Partners, Sierra Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2022
- Lead Investors: Silicon Valley CISO Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance product development and expand the team.
- Series A
- Amount Raised: $70M
- Date: August 2023
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address critical application security needs and gain traction with Fortune 500 enterprises.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: July 2024
- Lead Investors: Citi Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster software supply chain security and enhance solutions for large financial institutions.
Total Amount Raised: $95M. Current Valuation: Not publicly disclosed.
Key Investors
- Citi Ventures
- Details: Citi Ventures is the venture capital arm of Citigroup, focusing on investments in innovative startups that can benefit from Citi's global network.
- Investment Focus Areas: Enterprise technology, financial technology, consumer technology.
- Notable Investments: Plaid, Betterment, Square.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that invests in the enterprise, consumer, and health sectors.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snap, Affirm, MuleSoft.
- Silicon Valley CISO Investments
- Details: Silicon Valley CISO Investments is a venture capital firm that focuses on cybersecurity startups, leveraging the expertise of leading CISOs.
- Investment Focus Areas: Cybersecurity, enterprise security, cloud security.
- Notable Investments: Not publicly disclosed.
- Dell Technologies Capital
- Details: Dell Technologies Capital is the venture capital arm of Dell Technologies, investing in early to growth-stage technology companies.
- Investment Focus Areas: Enterprise software, cloud computing, cybersecurity.
- Notable Investments: Zscaler, DocuSign, MongoDB.
- Sierra Ventures
- Details: Sierra Ventures is a venture capital firm that invests in early-stage technology companies, focusing on enterprise and consumer markets.
- Investment Focus Areas: Enterprise software, consumer technology, healthcare IT.
- Notable Investments: Sourcegraph, Treasure Data, Reify Health.
What's Next for Endor Labs?
Endor Labs stands at the cusp of significant growth, driven by strategic investments and a burgeoning market for software supply chain security. With backing from Citi Ventures and a successful $70 million Series A round, the company is well-positioned to address the security needs of large financial institutions and other major enterprises.
Future fundraising opportunities appear promising, given the company's rapid traction and industry recognition. However, challenges such as managing complex security integrations and avoiding alert fatigue for developers remain. Navigating these hurdles will be crucial as Endor Labs continues to innovate and expand its market presence.
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